Yearly Archives: 2014

LOS ANGELES - April 8, 2014 - (RealEstateRama) -- “What starts with one California REALTOR® benefits all of California.” That’s the underlying sentiment of the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) integrated consumer ad campaign, launching today on NBC stations in Los Angeles, San Diego, San Francisco, and Sacramento, as well as radio, print, and online

LOS ANGELES - April 4, 2014 - (RealEstateRama) -- Viewing the country as a safe place to put their money, international home buyers preferred purchasing properties in the United States over other countries, according to the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) “2013 International Clients Survey.”

Sacramento - April 3, 2014 - (RealEstateRama) -- CAL FIRE inspectors have begun conducting Defensible Space inspections throughout the 31 million acres of State Responsibility Area (SRA) in California.

WASHINGTON, D.C. - April 1, 2014 - (RealEstateRama) -- February 2014 housing units have surpassed the January numbers by 14%, though year-over-year total units revealed a 25% decrease since February 2013. Single-family units show a minor decrease in activity, but multi-family housing units experienced significant increases in month-over-month statistics.

LOS ANGELES - March 26, 2014 - (RealEstateRama) -- Pending home sales posted stronger than average gains in February for the second straight month, thanks to seasonal factors, but remained below the level of  a year ago, despite slight improvements in the statewide housing demand, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today

LOS ANGELES - March 25, 2014 - (RealEstateRama) -- Global real estate investment and services company Kennedy Wilson has announced the opening of OAK NYC, a subsidiary of American Apparel, in downtown Los Angeles. Kennedy Wilson brokered the landmark deal for the cutting-edge retail tenant, which signed a five-year lease at The Sparkle Factory, a seven-story retail and creative space that serves as the international headquarters for Tarina Tarantino’s world renowned jewelry line

Santa Barbara - March 21, 2014 - (RealEstateRama) -- Today, Rep. Lois Capps (CA-24) announced that the Housing Authorities of the City of Santa Barbara and County of Santa Barbara received grants totaling $1.48 million from the U.S. Department of Housing and Urban Development’s Capital Fund Program

MONTEBELLO, Calif. - March 18, 2014 - (RealEstateRama) -- Lee & Associates, the largest broker-owned commercial real estate firm in the country, has brokered a $7.5 million industrial sale in Montebello, Calif.

LOS ANGELES - March 18, 2014 - (RealEstateRama) -- California home sales fell in February, but housing inventory increased as sellers gear up for the spring home-buying season, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported.

GARDENA, Calif. - March 13, 2014 - (RealEstateRama) -- The Los Angeles-Long Beach office of Lee & Associates, the largest broker-owned commercial real estate firm in the country, has negotiated the $6 million sale of a 40,000-square-foot industrial building, situated on 196,216 square feet of land, located at 14611 S. Broadway St. in Gardena, Calif.

Washington, D.C. - March 13, 2014 - (RealEstateRama) -- Today, Congressman Jerry McNerney (CA-09) joined his House colleagues in introducing the Stabilizing FHA Loan Limit Calculations Act of 2014. The bill will eliminate the uncertainty created by significant reductions in the 2014 Federal Housing Administrations (FHA) loan limits

La Jolla, CA - March 12, 2014 - (RealEstateRama) -- Southland home sales dropped to the lowest level for a February in six years as many would-be buyers struggled with inventory constraints, credit hurdles and reduced affordability. The median price paid for a home edged up slightly from January and remained nearly 20 percent higher than a year earlier, a real estate information service reported.

LOS ANGELES - March 12, 2014 - (RealEstateRama) -- Vastly improved home prices over the past five years have changed the landscape of California’s distressed housing market, which is now just a fraction of what it was during the Great Recession, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today

CARSON, Calif. - March 11, 2014 - (RealEstateRama) -- Lee & Associates, the largest broker-owned commercial real estate firm in the country, has completed the $14.2 million sale of a 10 acre industrial land parcel, located at 21038 Wilmington Ave. in Carson, Calif

SAN DIMAS, Calif. - March 11, 2014 - (RealEstateRama) -- Lee & Associates, the largest broker-owned commercial real estate firm in the country, has negotiated the sale of a 32,498-square-foot industrial property at 541-545 Terrace Drive in San Dimas, Calif

WASHINGTON, D.C. - March 11, 2014 - (RealEstateRama) -- January 2014 monthly permit totals quickly cooled after December’s hot streak. Though permits issued for single family and multi-family units decreased 51% from December 2013, current activity seems to be more comparable to January 2013, which revealed only a 9% decrease in permit activity.

WASHINGTON, D.C. - March 6, 2014 - (RealEstateRama) -- Last night, Congressman John Garamendi (D-Fairfield, CA), who served as California’s State Insurance Commissioner for eight years, voted for and spoke in favor of the Homeowner Flood Insurance Affordability Act, which passed the House of Representatives on a bipartisan vote of 306-91. The legislation addresses an unintended and serious problem stemming from the Biggert-Waters Flood Insurance Reform Act of 2012: unreasonably high and immediate increases in flood insurance rates.

LOS ANGELES - March 5, 2014 - (RealEstateRama) -- With the statewide housing inventory slowly improving, California pending home sales picked up steam in January and reversed a two-month decline, but pending sales were still down from a year ago, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today.

LOS ANGELES, CA - March 4, 2014 - (RealEstateRama) -- BH Properties, in a move consistent with its renewed Southwest strategy, has acquired its fourth retail property in Arizona, adding to its expanding portfolio. The Los Angeles based firm, which specializes in purchasing challenged and distressed real estate properties quickly, has purchased Ross Plaza, located in the bustling submarket of North Phoenix, for $3 million

LOS ANGELES - February 27, 2014 - (RealEstateRama) -- Pircher, Nichols & Meeks, a national real estate law firm with offices in Los Angeles and Chicago, announced that Douglas Merkel has joined the firm as an associate in the Los Angeles office. Merkel’s background includes a variety of political and legal projects, ranging from health care law to federal policy.